On September 19, 2023, Intel Corporation (NASDAQ: INTC) experienced a decline in its stock price, trading at $37.29, down by 1.86% from the previous day. This downward trend has been ongoing since last Friday, reflecting a broader weakness in semiconductor and chip stocks. Additionally, Taiwan Semiconductor Mfg. Co. Ltd., a key supplier and collaborator for Intel, reportedly instructed its suppliers to delay the delivery of high-end chipmaking equipment due to uncertain demand.
TSMC’s decision has raised concerns about the impact on Intel’s supply chain and production capabilities. The company heavily relies on TSMC not only as a supplier but also for specialized manufacturing processes and support when its own facilities struggle to meet chip production demand. Any disruption in this collaboration could potentially affect Intel’s ability to meet market demands.
However, amidst these challenges, Intel remains committed to advancing technology and has recently unveiled a range of innovative technologies aimed at promoting the widespread adoption of artificial intelligence. This announcement was made during the Intel Innovation 2023 event.
Despite the recent pullback in stock price, Intel has performed well throughout the year, with a year-to-date increase of 41.87%. This demonstrates the company’s resilience and ability to navigate through market fluctuations.
Updated on: 20/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
11:00 PM (UTC)
Date:20 September, 2023
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INTC Stock Performance on September 19, 2023: Mixed Trading and Volatility with Optimistic Future Earnings Growth
INTC Stock Performance on September 19, 2023:
– Previous day’s closing price: $37.99
– Opening price: $38.04
– Range of stock price during the day: $36.03 to $38.09
– Volume: 3,167,248 shares traded
– Market capitalization: $158.6 billion
– Earnings growth decline: 60.15% last year, 78.24% this year, expected 5.00% growth in the next five years
– Revenue growth decline: 20.21% in the previous year
– P/E ratio: labeled as “NM” (not meaningful)
– Price/sales ratio: 1.73
– Price/book ratio: 1.55
– Comparison to industry peers: Advanced Micro Devices (AMD) declined 0.74%, Texas Instruments (TXN) increased 0.14%, Applied Materials Inc. (AMAT) dropped 1.85%, Analog Devices Inc. (ADI) declined 0.51%
– Next reporting date: October 26, 2023
In summary, INTC experienced mixed trading and volatility on September 19, 2023. The company’s financials showed a decline in earnings and revenue growth, but there is optimism for future earnings growth. The next reporting date will provide more insight into the company’s financial performance.
Intel Corp Stock Performance: Analysts Predict Slight Increase, Eagerly Await Earnings Report
On September 19, 2023, Intel Corp’s stock performance was closely watched by investors and analysts alike. The 35 analysts offering 12-month price forecasts for Intel Corp had a median target of $37.00, with a high estimate of $65.00 and a low estimate of $17.00. This median estimate represented a 1.84% increase from the last price of $36.33.
According to CNN Money, the current consensus among 44 polled investment analysts was to hold stock in Intel Corp. This rating had remained steady since July.
Looking at the current quarter’s earnings per share, Intel Corp reported $0.15, and the sales for the current quarter were reported to be $13.2 billion.
Investors and analysts eagerly awaited the reporting date for Intel Corp’s current quarter, which was scheduled for October 26. This announcement would provide further details and clarity on the company’s financial health and performance.
Overall, the stock performance of Intel Corp on September 19, 2023, was a topic of interest for investors and analysts. With the median price target indicating a slight increase from the last price, and the consensus to hold the stock remaining steady, it was evident that there was cautious optimism surrounding Intel Corp’s future prospects. The upcoming earnings report would provide more information and potentially impact the stock’s performance in the coming months.